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Swing Trading by Gann Methodology |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #736  Posted: Fri May 03, 2013 8:00 pm Post subject: |
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| rameshraja wrote: | Mr Apka / Mr Vinay
Nifty Spot closed above 5938 in weekly chart. Now it has to do validation by crossing this week high of 6020.
Once validation is done, as per gann it should move towards 7K. But great impediment is taking out multi year high. Lets hope thats also conquered by Bulls.
C T RAMESH RAJA |
Thank you Mr Raja. But my and apka's doubts are (a) whether daily/weekly close has to be above 6020 or intraday crossing above 6020 will do, (b) whether it has to happen next week only, and (c) what if it closes below 5938 again on weekly close basis before or after crossing 6020 anytime in near future. |
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itc
White Belt
Joined: 20 Aug 2011
Posts: 7
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| Post: #737 Posted: Sat May 04, 2013 1:44 pm Post subject: Raymond Query |
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Dear RR Sir
What is ur view on Raymond as per GANN?
Regards
Deepak Sharma |
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rameshraja
Expert
Joined: 24 Nov 2006
Posts: 1121
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| Post: #738 Posted: Sat May 04, 2013 7:48 pm Post subject: |
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Mr Vinay
Intraday crossing of 6020 is enough for validation and it can do anytime as long as it doesn't close below 5610.65 (which is the high of week ending 12.04.2013) in weekly chart.
To your second query, it doesn't matter if it closes below 5938 again on weekly close basis before or after crossing 6020 anytime in near future. Please note, stop henceforth is 5610.65 as per weekly close.
Best Wishes
C T RAMESH RAJA |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #739 Posted: Sat May 04, 2013 8:07 pm Post subject: |
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| rameshraja wrote: | Mr Vinay
Intraday crossing of 6020 is enough for validation and it can do anytime as long as it doesn't close below 5610.65 (which is the high of week ending 12.04.2013) in weekly chart.
To your second query, it doesn't matter if it closes below 5938 again on weekly close basis before or after crossing 6020 anytime in near future. Please note, stop henceforth is 5610.65 as per weekly close.
Best Wishes
C T RAMESH RAJA |
many thanks Mr Raja. Only thing is, once a buy is validated, SL is almost 400 below and in the week it happens, it may go much lower too. I presume SL may get raised every week? |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #740 Posted: Sat May 04, 2013 9:53 pm Post subject: |
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thank you very much Mr.Raja  |
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sanju777
White Belt
Joined: 13 Jun 2011
Posts: 87
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| Post: #741 Posted: Mon May 06, 2013 12:16 pm Post subject: |
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RR Sir ,
Got your Nifty Call based on Weekly TF...
Sir , Any updates on Nifty or Bank Nifty on EOD TF .
Await your Reply
Sanjay |
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sanju777
White Belt
Joined: 13 Jun 2011
Posts: 87
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| Post: #742 Posted: Tue May 07, 2013 10:43 am Post subject: |
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07/05/2013
RR Sir ,
Nifty Spot High upto now 6011.10.......Waiting for it to cross 6019.45.
Sanjay |
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sanju777
White Belt
Joined: 13 Jun 2011
Posts: 87
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| Post: #743 Posted: Tue May 07, 2013 1:22 pm Post subject: |
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| rameshraja wrote: | Mr Apka / Mr Vinay
Nifty Spot closed above 5938 in weekly chart. Now it has to do validation by crossing this week high of 6020.
Once validation is done, as per gann it should move towards 7K. But great impediment is taking out multi year high. Lets hope thats also conquered by Bulls.
C T RAMESH RAJA |
Nifty Spot .....above 6019
Sanjay |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #744 Posted: Tue May 07, 2013 1:48 pm Post subject: |
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jubiliant validattion done today as it crossed 1140.95 (high of 02 may )
| rameshraja wrote: | JUBL FOOD Future:
Buy JUBL FOOD Future around 1125 with Stop at 1088 EOD close. TGT 1225 - 1300
Note:
Ensure Validation is done for buy signal. Trade can be initiated either at Entry level or at midpoint between Entry and Stop depending on individual risk ability.
C T RAMESH RAJA |
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rameshraja
Expert
Joined: 24 Nov 2006
Posts: 1121
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| Post: #745 Posted: Tue May 07, 2013 8:07 pm Post subject: |
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Remember these Anniversaries:
14.05.2004 - Nifty crashed from 1722.80 to 1566.95
17.05.2004 - Nifty crashed from 1583.80 to 1292.20
22.05.2006 - Nifty crashed from 3313.90 to 2896.40
18.05.2009 - Nifty hit the Upper circuit from 3673.15 to 4384.30
Good Luck !!
C T RAMESH RAJA |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #746 Posted: Tue May 07, 2013 8:35 pm Post subject: |
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| rameshraja wrote: | Remember these Anniversaries:
14.05.2004 - Nifty crashed from 1722.80 to 1566.95
17.05.2004 - Nifty crashed from 1583.80 to 1292.20
22.05.2006 - Nifty crashed from 3313.90 to 2896.40
18.05.2009 - Nifty hit the Upper circuit from 3673.15 to 4384.30
Good Luck !!
C T RAMESH RAJA |
Good one Mr Raja. I am expecting a wild movement like the one on 05/10/12 but feel it may happen in June. Keeping fingers crossed. Only thing is the falls or rises posted by you are not cyclic in terms of fixed periodicity.
Last edited by vinay28 on Tue May 07, 2013 9:51 pm; edited 1 time in total |
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rameshraja
Expert
Joined: 24 Nov 2006
Posts: 1121
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| Post: #747 Posted: Tue May 07, 2013 8:56 pm Post subject: |
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Mr Vinay
I still remember my friend's analysis.. market crash happen between 14th and 27th of a month only and crashes don't happen between 28th to 13th of a month. His another observation, all crashes happen in a month which has 31 days and not 30 days.  |
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rameshraja
Expert
Joined: 24 Nov 2006
Posts: 1121
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| Post: #748 Posted: Tue May 07, 2013 9:06 pm Post subject: |
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Mr Vinay
The anniversary dates I have mentioned is for academic interest as May month has shown wild movements.
I am neither expecting a crash nor a very big movement on upside this month.
Looking from chart, Nifty is looking is very bullish and may move into higher trajectory with intermittant correction inbetween for healthy trend on upside. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #749 Posted: Tue May 07, 2013 9:51 pm Post subject: |
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| rameshraja wrote: | Mr Vinay
I still remember my friend's analysis.. market crash happen between 14th and 27th of a month only and crashes don't happen between 28th to 13th of a month. His another observation, all crashes happen in a month which has 31 days and not 30 days. |
lovely info. I also understand that most crashes occur on monday or friday. I am not sure |
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rwdesai
White Belt
Joined: 27 Apr 2009
Posts: 94
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| Post: #750 Posted: Tue May 07, 2013 11:18 pm Post subject: |
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| One more observation. Biggest crashes have taken place when the sum total of the date is either 4 or 8. For example 8,17, 22, 26 etc. |
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